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Finance TaxationSAMEDIUM

What is the SA First Home Owner Grant (FHOG) and who is eligible?

Correct Answer

B) A grant of a prescribed amount available to eligible first home buyers purchasing or building a new residential property up to a value cap

The SA First Home Owner Grant provides a prescribed amount (the amount varies over time) to eligible first home buyers purchasing or building a new residential property that does not exceed the value cap. It does not apply to established homes.

Answer Options
A
A $50,000 grant available to anyone buying their first property
B
A grant of a prescribed amount available to eligible first home buyers purchasing or building a new residential property up to a value cap
C
A loan from the state government at zero interest
D
A grant only for buyers purchasing rural properties

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Related Topics & Key Terms

Key Terms:

First Home Owner Grantnew residential propertyvalue cap
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